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Foreign homebuyer debate in Vancouver requires some much-needed perspective
A recent study co-authored by a B.C. MLA and a city planner has once again stoked anxiety over the impact of foreign homebuyers on housing prices in B.C.’s Lower Mainland. The headlines noted that 70 per cent of detached homes listed in ...
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Land-transfer taxes are bad economic medicine in Ontario and beyond
It has been reported that the government of Ontario plans to allow municipalities to increase their land-transfer taxes; this would be ill-advised. The province’s graduated land-transfer tax currently ranges from one half to two per cent ...
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Where red tape grows, growth in housing development may suffer
New housing is a key component to urban growth, and regulation that adds costs and slows housing development can restrain its supply. A recent series of Fraser Institute studies presents new data measuring how regulation affects ...
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Do barriers to homebuilding keep Canada’s biggest economy on a leash?
Appeared in the National Newswatch, October 16, 2015 The joint economies of the Toronto, Hamilton, and Oshawa metro areas are home to more than one in five Canadian jobs. Indeed, this region deserves its reputation as Ontario’s Greater Golden Horseshoe. ...
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New Homes and Red Tape: Residential Land-Use Regulation in Ontario’s Greater Golden Horseshoe
As an increasing number of Canadians move to major cities, housing prices have continued to rise. Understanding how public policy affects the supply of new homes is critical. The Fraser Institute’s survey of housing developers and homebuilders provides ...
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Home building hampered by regulatory hurdles
Appeared in the Calgary Herald In Calgary, home prices have more than doubled over the past decade. Despite the recent economic slowdown, more people are moving to Alberta than leaving it. Economic conditions in Alberta wax and wane over time, but the ...
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New Homes and Red Tape: Residential Land-Use Regulation in Alberta’s Calgary-Edmonton Corridor
As an increasing number of Canadians move to major cities, housing prices have continued to rise. Understanding how public policy affects the supply of new homes is critical. The Fraser Institute’s survey of housing developers and homebuilders assesses ...
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If governments force Canadians to save more for retirement, voluntary private savings will shrink
Appeared in the Financial Post In recent years, there’s been a strong push to expand the Canada Pension Plan, and Ontario intends to launch an additional mandatory pension plan in January 2017. Yet the debate about expanding mandatory government-run ...
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Compulsory Government Pensions vs. Private Savings: The Effect of Previous Expansion to the Canada Pension Plan
In recent years, there has been a strong push to expand the Canada Pension Plan (CPP). Ontario has already set out a plan to create an additional mandatory provincial program mirroring the CPP called the Ontario Retirement Pension Plan (ORPP), which is ...
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As Lower Mainland housing prices rise, is city hall the elephant in the room?
Appeared in the Vancouver Sun As rising housing costs in Metro Vancouver continue to make headlines, municipal policy-makers, including Vancouver’s mayor, point to a number of potential causes, including absentee owners and home-flippers—people who buy ...